Wednesday, August 24, 2016

Nestlé: deteriorated credit ratings at Fitch. – ABC Bourse


(CercleFinance.com) – Nestlé sells 0.3% in Zurich after Fitch has lowered on Tuesday its credit rating on the Swiss food group ‘ AA + ‘to’ AA ‘rating coupled with an evolutionary perspective deemed’ stable ‘.

‘ According to Fitch, the deleveraging of the group is slower than expected, ‘says an analyst at Aurel BGC, adding that metric credits are more consistent with a rating as ‘AA’.

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